Bill Ackman’s hedge fund has taken a 9.9% stake in Chipotle Mexican Grill (NYSE:CMG), sending shares up 6.5% AH and buying into the once high-flying company battered by food-safety issues. Pershing Square intends to engage […]
Saudi Arabia is considering cutting $20 billion worth of projects and scaling back ministry budgets 25% as it struggles to bring down the biggest budget deficit among the world’s 20 biggest economies, sources said. Last […]
US services-sector activity fell sharply in August, posting a bigger decline than even the most pessimistic forecasters expected. The Institute for Supply Management’s nonmanufacturing index dropped 4.1 points, to 51.4, the lowest reading in six […]
Jon Steinberg’s news startup, Cheddar, has raised $10 million in funding as it looks to expand its live programming. Cheddar launched five months ago as the brainchild of Steinberg, a former BuzzFeed and Daily Mail […]
Online pharmacy startup PillPack is raising new venture capital funding at around a $330 million pre-money valuation, Fortune has learned. The Somerville, Mass.-based company on Tuesday disclosed via an SEC filing that it already has […]
South Korea can look forward to an annual economic growth pace averaging 2.9% through 2019, exceeding last year’s 2.6% and the rate for advanced economies, says Kim Eng Tan of S&P Global Ratings. Korea is […]
Amplifying general concerns over South Korea’s high rate of household debt are figures that question the quality of much of the debt load. Mortgage-backed loans intended to support living expenses surged 6.6% to reach 135.6 […]
With a cash-to-GDP ratio of 12%, India has a long way to go to bring about a cashless, digitally driven economy. But that’s the goal as the government looks to raise the number of Indians […]
The US Federal Reserve’s Beige Book assessment of the economy is generally positive, noting tight labor markets in some areas but little evidence of wage inflation. It’s the latest data point for Fed policymakers before […]
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